Bitcoin's price is currently facing a significant decline as it fails to surpass the $100K resistance level. It has dropped towards the $92K support zone and it is expected to decline further to the $85K area or even deeper towards the $80K zone. The 4-hour timeframe shows bearish momentum and the weakening of the $92K support level. The RSI values below 50% suggest a higher chance of a deeper correction in the short term. The Coinbase Premium Index indicates that American investors are selling Bitcoin aggressively, leading to a continued correction as long as the index remains negative.



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